Weyerhaeuser (NYSE:WY) is Cultivar Capital Inc.’s 5th Largest Position

Cultivar Capital Inc. lifted its position in shares of Weyerhaeuser (NYSE:WY) by 4.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 326,146 shares of the real estate investment trust’s stock after acquiring an additional 14,650 shares during the quarter. Weyerhaeuser accounts for about 9.1% of Cultivar Capital Inc.’s holdings, making the stock its 5th biggest position. Cultivar Capital Inc.’s holdings in Weyerhaeuser were worth $11,043,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Swedbank AB purchased a new position in Weyerhaeuser during the 1st quarter valued at about $106,141,000. Price T Rowe Associates Inc. MD grew its position in shares of Weyerhaeuser by 5.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 51,261,654 shares of the real estate investment trust’s stock valued at $1,840,807,000 after purchasing an additional 2,874,101 shares during the last quarter. M&G Plc purchased a new position in shares of Weyerhaeuser during the 1st quarter worth approximately $60,792,000. Principal Financial Group Inc. raised its position in shares of Weyerhaeuser by 145.0% during the 1st quarter. Principal Financial Group Inc. now owns 2,491,743 shares of the real estate investment trust’s stock worth $89,479,000 after purchasing an additional 1,474,806 shares during the last quarter. Finally, Millennium Management LLC lifted its stake in Weyerhaeuser by 512.3% in the 2nd quarter. Millennium Management LLC now owns 1,563,454 shares of the real estate investment trust’s stock valued at $44,386,000 after buying an additional 1,308,125 shares in the last quarter. Institutional investors and hedge funds own 82.99% of the company’s stock.

Insiders Place Their Bets

In other Weyerhaeuser news, Director James Calvin O’rourke bought 7,800 shares of the company’s stock in a transaction on Friday, September 13th. The shares were bought at an average cost of $32.01 per share, with a total value of $249,678.00. Following the completion of the acquisition, the director now owns 17,672 shares of the company’s stock, valued at approximately $565,680.72. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Albert Monaco purchased 31,500 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were acquired at an average price of $31.38 per share, with a total value of $988,470.00. Following the acquisition, the director now owns 70,726 shares in the company, valued at approximately $2,219,381.88. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director James Calvin O’rourke acquired 7,800 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were bought at an average price of $32.01 per share, with a total value of $249,678.00. Following the completion of the purchase, the director now owns 17,672 shares in the company, valued at $565,680.72. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.27% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on WY shares. Argus raised Weyerhaeuser to a “hold” rating in a research report on Friday, August 9th. BMO Capital Markets restated a “market perform” rating and issued a $38.00 price target on shares of Weyerhaeuser in a report on Tuesday, July 30th. Royal Bank of Canada lifted their price target on shares of Weyerhaeuser from $34.00 to $37.00 and gave the company an “outperform” rating in a report on Monday, July 29th. DA Davidson dropped their price objective on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating for the company in a report on Monday, July 29th. Finally, Citigroup reduced their target price on Weyerhaeuser from $37.00 to $36.00 and set a “buy” rating on the stock in a report on Tuesday, July 30th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $36.33.

Weyerhaeuser Price Performance

Shares of NYSE WY opened at $32.79 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.19 and a quick ratio of 1.58. Weyerhaeuser has a 1-year low of $26.73 and a 1-year high of $36.27. The company has a market capitalization of $23.90 billion, a price-to-earnings ratio of 29.81 and a beta of 1.40. The business has a 50-day moving average of $31.81 and a 200-day moving average of $30.99.

Weyerhaeuser (NYSE:WY) last released its earnings results on Thursday, July 25th. The real estate investment trust reported $0.21 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.01). The business had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.98 billion. Weyerhaeuser had a net margin of 9.89% and a return on equity of 6.19%. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.32 earnings per share. On average, equities analysts anticipate that Weyerhaeuser will post 0.51 EPS for the current fiscal year.

Weyerhaeuser Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a $0.20 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.44%. Weyerhaeuser’s dividend payout ratio (DPR) is 72.73%.

About Weyerhaeuser

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control approximately 11 million acres of timberlands in the U.S. and manage additional timberlands under long-term licenses in Canada. We manage these timberlands on a sustainable basis in compliance with internationally recognized forestry standards.